Fong's Donates HK$15 Million To HKUST

Hong Kong-based Fong's National Engineering Co., Ltd., a member of Fong's Industries Co. Ltd., has donated HK$15 million (approximately US$1.93 million) to the Hong Kong University of Science and Technology (HKUST) to support the university's advanced materials and processing research and development activities.

Since 1991, HKUST has offered undergraduate- and graduate-level research-based instruction in science, technology, engineering, management and business studies; as well as providing post-graduate learning and research opportunities in those fields, and assisting in Hong Kong's economic and social development. The university boasts an all-Ph.D. faculty numbering more than 400, and in 2006 achieved the rank of 17th among technology universities globally, according to the Times Higher Education Supplement league table of the world’s top 100 universities in technology.

Fong's Industries, founded in 1963 by Fong Sou Lam, manufactures textile dyeing and finishing machinery. The company has a workforce of some 3,800 people and serves more than 7,000 customers worldwide.

"The donation from Fong's National Engineering Co., Ltd. is a shining example of corporate support of university research at its absolute best," said John C.C. Chan, Ph.D., HKUST Council chairman, in remarks made during the donation ceremony. "It grew out of a very fruitful and happy collaboration between the Fong's Group and HKUST in other projects over the past few years."

"The HK$15 million donated by Mr. Fong Sou Lam is expected to be matched two to one by the government's Grant Matching Scheme, giving us more resources for research and education," added Paul C.C. Chu, Ph.D., president of the university. "This far-sighted investment in research and development is the key to [Fong's'] success and continued global leadership in the industry."

"In order to maximize the benefits of this donation, the university will be establishing the Fong's Institute of Advanced Materials and Processing with the aim to further enhance the university's capability in the research and development of advanced materials and processing,' said Bill Fong, executive director, Fong's Industries. "It is also our hope that the donation will in the long term help to strengthen the already well-established teaching and research capabilities of the university in other areas."

January/February 2007

 

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